03 June 2010

CBDT Amends Rules Relating to TDS

CBDT Amends Rules Relating to TDS
THE Central Board of Direct Taxes ( CBDT ) has amended the Rules relating to TDS provisions, date and mode of payment of tax deducted at source ( TDS ), TDS certificate and filing of 'statement of TDS ' ( TDS return) vide Notification No.41/2010; dated 31.05.2010. The amended rules will apply only in respect of tax deducted on or after April 1, 2010.

Forms for TDS certificate have been revised to include the receipt number of the TDS return filed by the deductor. Now the Tax-deduction Account Number (TAN) of the deductor, Permanent Account Number (PAN) of the deductee, and Receipt number of TDS return filed by the deductor will form the unique identification for allowing tax credit claimed by the taxpayer in his income-tax return.

Government Authorities (Pay and Accounts Officer or Treasury Officer or Cheque Drawing and Disbursing Officer) responsible for crediting tax deducted at source to the credit of the Central Government by book-entry are now required to electronically file a monthly statement in a new Form No. 24G containing details of credit of TDS to the agency authorised by the Director General of Income-tax (Systems) .

Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May (from earlier 15 th June), as per the Press Release issued by the CBDT through the PIB

Sl. No.

Date of ending of the quarter of the financial year

Due date


30 th June

15 th July of the financial year


30 th September

15 th October of the financial year


31 st December

15 th January of the financial year


31 st March

15th May of the financial year immediately following the financial year in which deduction is made

Due date for furnishing TDS certificate to the employee or deductee or payee is revised as under

Sl. No.


Periodicity of furnishing TDS certificate

Due date



Salary (Form No.16)


By 31 st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted



(Form No.16A)


Within fifteen days from the due date for furnishing the 'statement of TDS '

Best Wishes

Chartered Accountant
Door No.24-2-1885,
I Floor, Flat No.5,
Siddivinayaka Residency, I Cross,
Central Avenue, MSR Nagar,
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Nellore-524 003
Andhra Pradesh
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